Malaysia’s Sime Darby seeks to expand car retail business into India, Indonesia – CEO

Malaysia’s Sime Darby seeks to expand car retail business into India, Indonesia – CEO

A logo of Sime Darby is seen at its car showroom in Petaling Jaya, Malaysia November 30, 2023. REUTERS/Hasnoor Hussain/File Photo Acquire Licensing Rights KUALA LUMPUR/SINGAPORE, Nov 30 (Reuters) – Sime Darby (SIME.KL), Malaysia’s industrial and automotive conglomerate, is looking to set up a luxury car retail business in India and expand in Indonesia to … Read more

‘Vote of confidence’: UK hails $37 billion of foreign investment

‘Vote of confidence’: UK hails $37 billion of foreign investment

FDI gathering held at 16th century palace Sunak hails investment, holds off on subsidy push Britain has slipped in FDI rankings HAMPTON COURT, England, Nov 27 (Reuters) – Prime Minister Rishi Sunak announced 29.5 billion pounds ($36.8 billion) of private sector investment in Britain at a gathering of global executives on Monday aimed at catapulting … Read more

Budget crisis shakes industry’s confidence in Germany

Budget crisis shakes industry’s confidence in Germany

German Chancellor Olaf Scholz is flanked by Economy and Climate Minister Robert Habeck and Finance Minister Christian Lindner to comment on the ruling of Germany’s Constitutional court that the government’s re-location of 60 billion euros ($65 billion USD) of unused debt from the pandemic era to climate fund was illegal, in… Acquire Licensing Rights Read … Read more

GM’s Cruise robo-taxi CEO resigns from company

GM’s Cruise robo-taxi CEO resigns from company

Kyle Vogt, chief technology officer, president & co-founder of Cruise, a Honda and General Motors self-driving car partnership, speaks on stage at the launch of the Cruise Origin autonomous vehicle in San Francisco, California, U.S. January 21, 2020. REUTERS/Stephen Lam/File Photo Acquire Licensing Rights Nov 19 – The CEO of General Motors’ robot-taxi unit Cruise, … Read more

China to allow road trials of intelligent connected vehicles

China to allow road trials of intelligent connected vehicles

BEIJING, Nov 17 (Reuters) – China will allow road trials of some intelligent connected vehicles (ICVs) in designated city areas, the industry ministry said on Friday. The world’s largest auto market has set its long-term strategic focus on ICVs in a push to become the leading global player in the still nascent industry. The trials … Read more

UK petrol station group EG to buy Tesla charging units

UK petrol station group EG to buy Tesla charging units

A Tesla electric charging point stands unused in a car park, as Britain will ban the sale of new petrol and diesel cars and vans from 2030, five years earlier than previously planned, in London, Britain, November 18, 2020. REUTERS/Simon Dawson/File Photo Acquire Licensing Rights LONDON, Nov 13 (Reuters) – British petrol station operator EG … Read more

Musk’s xAI set to launch first AI model to select group

Musk’s xAI set to launch first AI model to select group

Tesla and SpaceX’s CEO Elon Musk pauses during an in-conversation event with British Prime Minister Rishi Sunak in London, Britain, Thursday, Nov. 2, 2023. Kirsty Wigglesworth/Pool via REUTERS Acquire Licensing Rights Nov 3 (Reuters) – Elon Musk’s artificial intelligence startup xAI will release its first AI model to a select group on Saturday, the billionaire … Read more

UAW strikes GM’s Escalade factory, turning up pressure for higher wages

UAW strikes GM’s Escalade factory, turning up pressure for higher wages

The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. Picture taken March 16, 2021. REUTERS/Rebecca Cook/File Photo Acquire Licensing Rights Oct 24 (Reuters) – The United Auto Workers (UAW) union on Tuesday struck a General Motors (GM.N) assembly plant in Texas that builds … Read more

UAW expands strike against Stellantis, hitting pickup truck plant

UAW expands strike against Stellantis, hitting pickup truck plant

[1/2]United Auto Workers president Shawn Fain meets with striking UAW members from the General Motors Lansing Delta Plant, as they picket in Delta Township, Michigan U.S. September 29, 2023. REUTERS/Rebecca Cook/File Photo Acquire Licensing Rights WASHINGTON/DETROIT, Oct 23 – The United Auto Workers (UAW) union went on strike at Chrysler-parent Stellantis’s largest assembly plant on … Read more

Hyundai to build Saudi car plant jointly with Saudi wealth fund

Hyundai to build Saudi car plant jointly with Saudi wealth fund

The logo of Hyundai Motor Company is pictured at the New York International Auto Show, in Manhattan, New York City, U.S., April 13, 2022. REUTERS/Andrew Kelly/File Photo Acquire Licensing Rights RIYADH, Oct 22 (Reuters) – South Korea’s Hyundai Motor Group (005380.KS) will build a car plant in Saudi Arabia jointly with the Public Investment Fund … Read more